The top five lenders in the ranking have a combined wholesale volume of more than $15 billion at the end of the fourth quarter of 2023. Most lenders saw a decrease in volume between Q3 and Q4, but one saw a substantial increase of 141.15%
The data in this ranking was sourced from National Mortgage News'
Scroll through to see which bank lenders are in the top 20 and how they fared through the end of December 2023.
Rejections for mortgage credit outpaced almost every other borrowing category, according to the Federal Reserve Bank of New York.
Consumer Financial Protection Bureau Director Rohit Chopra said the FICO credit-scoring model has drawbacks in price, predictiveness and market competition, and stakeholders should develop a more open-sourced model that uses artificial intelligence.
Smaller players face challenges when it comes to mortgage servicing rights, and larger ones have varying motivations, experts at an industry meeting say.
The 30-year fixed rate mortgage average resumed its climb that started in September, as the benchmark 10-year Treasury price still reflects views on inflation.
Fannie Mae's latest economic forecast no longer expects mortgage rates to go below 6% next year, and that is affecting its views on loan origination volume.
Amid steady customer growth, USAA's banking arm failed to make the investments necessary to satisfy either its regulators or some decades-long customers. Changes in the executive suite haven't fixed the problems.
